Nanjing Auto deal to go ahead
14 March 2006
Nanjing Automobile's takeover of British carmaker MG Rover has been given the final government stamp of approval. State media reported that the National Development and Reform Commission has given the go ahead that will allow production to restart. Annual capacity is said to be 200,000 motor vehicles, 250,000 engines and 100,000 gearboxes. The production lines and research and development centers will be located in Nanjing. The first MG-75 sedans should be rolling off the line in the first half of 2007. It has been claimed that the first MG would be released on March 27 next year to coincide with Nanjing Auto's 60th birthday.